9.15 -0.06 (-0.65%)
After hours: 7:58PM EDT
|Bid||0.00 x 1200|
|Ask||9.23 x 4000|
|Day's Range||8.67 - 9.24|
|52 Week Range||8.67 - 21.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.44|
Facebook’s (NASDAQ:FB) second-quarter earnings showed that the company’s multiple headwinds are clearly weighing on its results and outlook. Consequently, Facebook stock fell sharply in the wake of the results. Since these stiff headwinds are unlikely to ease any time soon, investors should avoid owning Facebook stock.
Not that long ago, Facebook (NASDAQ:FB) was riding high again. After the Cambridge Analytica scandal knocked Facebook stock down from $190 to $150, the shares quickly bounced back. Following reassuring testimony from Mark Zuckerburg in front of Congress and a blowout earnings report, Facebook stock quickly shot up to new, all-time highs.
Facebook (NASDAQ:FB) stock has seen its worst year since its IPO in 2012. The social media giant struggled as it dealt with the fallout from alleged scandals. Facebook stock has fallen further from this point.
Vietnam has enacted a law that would require technology companies to store personal data on its citizens locally. This law, which is expected to take effect in 2019, has met resistance from foreign companies like Facebook (FB). Facebook and other foreign technology companies have expressed reservations regarding this law, fearing that it could make it easier for Vietnamese authorities to target political dissidents and expose their employees to the risk of arrest.
Snap (SNAP) is launching a new feature called Curated Our Stories, which allows media companies to stitch together public posts on Snapchat into themed stories. These could be daily or weekly stories centering on specific events or topics.
With all the brands that play a major role in your day-to-day — from picking up your daily Starbucks to streaming your workout playlist on Spotify — which ones are the most relevant? Global consultancy firm Prophet recently released its fourth annual Brand Relevance Index . For its index, Prophet surveyed 12,694 consumers in the U.S. on 299 brands in 37 different industries.
When it comes to Facebook (NASDAQ:FB), don’t confuse the core Facebook platform with the company or with Facebook stock. The core Facebook platform is the world’s most widely used social media app with over 2 billion monthly active users. Consumers look at Facebook as “old” and are spending more time on other social media apps.
Since Snap (SNAP) reported audience growth that missed consensus estimates for the second quarter, there has been little consensus on Wall Street on what lies ahead for the company. Facebook (FB) has replicated some distinctive Snapchat features in its apps such as Instagram, cutting Snapchat’s competitive advantages. BTIG recently downgraded its rating on Snap stock to “sell” from “neutral,” saying that Snap is struggling to monetize its platform at a time when product innovation has been lacking.
Facebook (FB) recently signed an exclusive three-year agreement to show Spanish La Liga soccer matches in India and other Asian countries. It also began rolling its Watch video service internationally. A month later, Twitter (TWTR) recently announced a host of new deals aimed at expanding its live video offerings in the Asia-Pacific region.
It has been a rough run for social media stock Snap Inc (NYSE:SNAP) on Wall Street. Ever since the company went public in March 2017 at $17 per share, the general trend for SNAP stock has been down and out. With SNAP now depressed to all-time lows, buyout rumors are starting to float around.
Verizon’s (VZ) Oath subsidiary is on a mission to double its audience and generate as much as $20 billion in annual revenues by 2020. Oath currently has a monthly audience of 1 billion people across its various digital properties, including Yahoo Sports and TechCrunch. Snap (SNAP), another Oath competitor in the digital advertising business, reaches an audience of 188 million people daily through its Snapchat app.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into Apple's (AAPL) newest and most impressive fitness and health-focused wearable, the Apple Watch Series 4. The episode then takes a look at some new sports content on Snapchat (SNAP), before finishing up with Nike's (NKE) latest international push.
Snap (NYSE:SNAP) stock is resembling its product a little too much recently. Like Snap’s photos, the stock’s value seemingly disappears in the blink of an eye. SNAP stock, which you may recall opened trading all the way up at $25/share last year, is in the midst of a prolonged slump.
Facebook (FB) is spending $1.0 billion to build its first data center in Asia, one of its fastest-growing regions. About 40.0% of Facebook’s ~2.2 billion monthly users are located in Asia, which is up from less than 35.0% two years ago. Facebook has chosen Singapore as the location of its first Asian data center, which is slated to open in 2022.
Facebook (FB) has inked an agreement with the BBC (British Broadcasting Company) to air a weekly news show for its US-based Watch audience. Facebook Watch, or simply Watch, is Facebook’s online video service akin to Google’s (GOOGL) YouTube. Watch launched in the United States a year ago, and it began rolling out globally in August.
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included the iPhone maker, a sportswear leader and a casino operator. Bearish calls included a media giant ...
Google might be uniquely qualified to make the struggling Snap profitable -- if it's willing to take on all the risks involved. Following its recent tumble into the single digits -- the decline kicked off in early August, following disappointing Q2 results and Q3 guidance -- Snap Inc.
Twitter (TWTR) has recently unveiled a new audio-only broadcast feature on its Twitter app and its live-streaming app, Periscope, for all iOS users. The company’s addition of this feature is aimed at expanding its footprint in the broadcasting and publishing spaces, thereby competing with other players in the social media space. Twitter’s Periscope and live video platform have been underperforming in recent years due to the falling popularity of posting viral videos and breaking news on Twitter’s public live-streaming platform.
Venice, California-based Snap Inc. is in the news so often, here at L.A. Biz we call stories about the social-media platform “daily Snaps.”
In the second quarter, while Snap managed to beat top and bottom line forecasts, daily active users fell 2% from the first quarter to 188 million, marking the firm's first sequential decline in DAUs. Not all are so bearish, however.